All Forum Posts by: Miguel Suarez

Hello,
I am moving from California to Kentucky for work possibly before March. I was wondering if anyone knows which areas/cities are best to buy a house. I am thinking a 2-3 bedrooms and minimum 2 bathrooms. My work is located in Louisville, Kentucky but I don't mind driving 20-30 or a little more. Budget wise I would like to stay below $220,000 for the house. 

Any expertise/advice from anyone would be great! :) 

-Miguel Suarez

Indianapolis

@Miguel Suarez  in the same boat..following

I was born and raised in Indiana currently living in Arkansas and I will tell you there are opportunities, but it definitely depends which part (for both)!

I have my eyes on an another SFR in a location I have been investing in regularly the past couple years in AL. The numbers just make too much sense. I could definitely use some assistance if interested!

Respectfully,

Matthew Janes

I'm based in California - following this.

@Miguel Suarez

What are you trying to get out of the investment? Is this a pure cash flow play or long-term growth through appreciation? Also, what is your tolerance for risk and repairs? 

Things like the age of the home, landlord laws, average snowfall, POS and township violations are risk factors you should understand before getting excited about a proforma or 1% rule.

If you want to connect, I'd happily share my experience with you and how I acquired my homes in Texas, Georgia and Florida. 

Have a nice day. 

Hi: 

I have had a good experience in Indianapolis. The state laws seem even handed unlike California where the tenants have all the rights. Also, there are a few large commercial projects going on that will bring more jobs to the area.

 I am new to this app here, so not sure how this works with posting and replies, make sure when you do out-of-state investing you have the right systems in place and at least 1-2 people you can trust in that area.

Hi Miguel,

Great to hear you are making the jump to get started! Columbus OH is a great market from what I've read / heard. While I do not personally invest there, I have a family member who owns a personal residence there close to Ohio State and it has been going well. On a macro level, Columbus has a new chip plant coming in town which I believe will drive demand, and the price to rent ratio is high which is great for cash flow.

Best of luck to you!